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The fundamental of cash management is to ensure that you will get paid by your customers on time. When you need to bid on a deal by offering credit terms, do you check the financial strength and the payment history of the buyer? The economic environment is very volatile and unpredictable in recent years. Do you know if your long-term customers' businesses are still in good shape? Moreover, there is an increasing trend of trade fraud in international trade. According to a recent survey of PwC, 51% of organizations experienced fraud in the past two years, which is the highest level in 20 years.

In this seminar, speakers will discuss how companies can detect trade fraud and default payment signals in daily operations, and use different tools to avoid non-payment.

Outline:
• Common trade fraud and default payment signals
• Case studies of trade fraud in international trade
• Tips on verifying buyers and monitoring payment
• Actions to take against defaulting buyer/non-payment
• Use of different credit management tools to protect receivables

Who should attend:
Directors, financial controllers, risk management officers, and responsible officers

DISCLAIMER
Speakers' presentations at this event are intended for educational purposes only and do not replace independent professional judgment. Statements of fact and opinions expressed during this event are those of the speakers and participants and, unless expressly stated to the contrary, are not the opinion or position of the Hong Kong General Chamber of Commerce, its members, or its committees. The Chamber does not endorse or approve, and assumes no responsibility for, the content, accuracy or completeness of the information presented. Attendees should note that, with the approval of speakers, this event may be recorded, and possibly published on the Chamber's website in audio and/or video formats without further notice.

Recording, duplication or distribution of the contents of the online event is prohibited without prior written permission from the Chamber.

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Speaker(s)

Grace Yeung, Senior Manager, Claims and Receivables Management, Coface Hong Kong

Grace Yeung is responsible for Hong Kong, Japan and South Korea markets. She holds a bachelor’s degree in Business Administration in Finance from City University of Hong Kong and she has been with Coface Hong Kong for 15 years. She has extensive expertise in the trade credit insurance industry and handles more than 150 cases on a yearly basis.

Anson Cheung, Senior Manager, Commercial Development of Business Information, Coface Hong Kong

Anson Cheung is responsible for Hong Kong & Taiwan markets. He holds a bachelor’s degree in Business Studies from The Hong Kong Polytechnic University. He has rich experience in the manufacturing and trading industry for over 20 years and handling over USD100M annual sales turnover business.

Tommy Ng, Commercial Development Manager, Coface Hong Kong

Tommy Ng has more than 7 years of experience in trade credit insurance. He holds a bachelor’s degree in Business Management from City University of Hong Kong.

Language

Cantonese

Date and Time

2023/06/09 15:00 to 17:30

Venue

Chamber Theatre, 22/F United Centre

Media

Closed to media

Enquiries

Cathy Chan
Tel: 2823 1282
Email: cathy@chamber.org.hk

Fee

Members @ HK$380 / Non-Members @ HK$770
+$50 for booking offline
This event accepts Chamber Coupon (terms and conditions)
Members enjoy 30% discount with BOC HKGCC VISA Card

Notes

- Bookings are only confirmed upon receipt of payment, on a first come first served basis.
- Booking transfer is allowed for corporate members with advanced notice, walk-ins are normally not accepted.
- The Chamber reserves the right to decline any booking or cancel the event. In such case, a full refund of the participation fee will be issued.
- No refund will be made for last minute cancellations or no-shows. If the booking is cancelled at least 7 days before the event, and in such cases the refund will be subjected to a 10% administration fee, or HK$100 deduction, whichever is higher.
- Members paying with their BOC HKGCC Visa Card will enjoy a 30% discount on their reservation. The discount is only applicable to the card holder, and does not extend to their guests. The discount cannot be used in conjunction with Chamber Coupons.
- A $50 handling fee per person will be charged for all offline bookings (e.g. fax, e-mail, post) for all Chamber events. Go online today by downloading our app or registering on the HKGCC website to save the environment and money.
- Priority is given to corporate members. The decision to accept or decline any booking shall be at sole discretion of the Chamber.
- Participants agree to indemnify the Chamber and the hosting party all liabilities for property damage, physical injury or death in relation to this event. Participants are advised to take their own insurance against all risks.

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